TechFlow news, November 5 — According to Bloomberg, hedge fund Coatue Management plans to raise $1 billion to increase investments in artificial intelligence and technological innovation. This would mark the firm's first effort in several years to raise capital for its flagship fund.
Coatue Management, a New York-based hedge fund focused on technology companies, previously led OpenSea's $300 million Series C funding round. Its cryptocurrency investment portfolio includes blockchain security firm CertiK, Bitcoin mining company Hut 8, crypto payments platform MoonPay, and crypto analytics platform Dune Analytics.




